Reseda Continental

The Mogharebi Group is pleased to present the opportunity to acquire the Reseda Continental, a remarkable multifamily asset located at 19344 Wyandotte Street, Reseda, California. Built in 1964, Reseda Continental boasts 57 units spread across 2 two-story buildings. The property offers a diverse mix of studio, one-, two-, and three-bedroom floor plans. A significant portion of the unit mix (56%) being two- and three-bedroom units. Reseda Continental is currently fully occupied with historically high rent collections. Tenants benefit from a range of amenities including balconies, dedicated laundry facility, controlled security access, swimming pool, and a beautifully landscaped garden with ample walkways. The asset’s excellent location and abundance of community amenities allow it to more easily capitalize on a high-demand local rental market with improving fundamentals. Reseda Continental represents an exceptional opportunity to acquire a stable, cash-flowing investment with a proven track record of success.